Kovack Advisors Inc. trimmed its holdings in shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD – Free Report) by 72.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,319 shares of the company’s stock after selling 44,677 shares during the period. Kovack Advisors Inc.’s holdings in Schwab US Dividend Equity ETF were worth $1,318,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Whitaker Myers Wealth Managers LTD. grew its position in shares of Schwab US Dividend Equity ETF by 12.3% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 203,264 shares of the company’s stock worth $15,475,000 after acquiring an additional 22,221 shares during the last quarter. FMR LLC grew its position in Schwab US Dividend Equity ETF by 22.7% in the 3rd quarter. FMR LLC now owns 64,312 shares of the company’s stock valued at $4,551,000 after buying an additional 11,906 shares in the last quarter. M. Kulyk & Associates LLC bought a new position in Schwab US Dividend Equity ETF in the 3rd quarter valued at about $514,000. Procyon Advisors LLC grew its position in Schwab US Dividend Equity ETF by 9.9% in the 4th quarter. Procyon Advisors LLC now owns 4,440 shares of the company’s stock valued at $338,000 after buying an additional 401 shares in the last quarter. Finally, Graypoint LLC grew its position in Schwab US Dividend Equity ETF by 5.4% in the 4th quarter. Graypoint LLC now owns 4,969 shares of the company’s stock valued at $378,000 after buying an additional 255 shares in the last quarter.
Schwab US Dividend Equity ETF Trading Down 0.1 %
SCHD traded down $0.08 on Friday, reaching $77.48. The company had a trading volume of 2,394,771 shares, compared to its average volume of 3,622,651. Schwab US Dividend Equity ETF has a one year low of $66.67 and a one year high of $80.82. The company has a market capitalization of $54.20 billion, a P/E ratio of 14.82 and a beta of 0.77. The company has a fifty day moving average of $78.31 and a 200-day moving average of $75.19.
Schwab US Dividend Equity ETF Profile
The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.
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